Diamond miracle hurls Botswana to Africa�s elite,but...
Wednesday, September 28, 2016
Botswana has always been described as an African success story since it has managed to transform itself from one of the poorest nations in the world into a modern, upper middle-income country.
At the time of independence in 1966, Botswana was one of the poorest countries in the world, with a predominantly agrarian economy.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...